Max More <max@maxmore.com> wrote:
> At 10:39 AM 7/11/00, Robin Hanson wrote:
> >future speculation of his I just came across:
> >http://web.mit.edu/krugman/www/BACKWRD2.html
> Since I mentioned a while back that it seemed to me that Krugman, good as
> he is on many issues, does not "get" the New Economy, and I did not find
>
> http://www.redherring.com/mag/issue67/news-economics.html
OTOH, since the writer of that called Krugman on oil prices, which had falled
at the time of writing, I'll note that they've bounced back up to $25-30 a
barrel.
And if the Third World reaches for First World prosperity that will increase
demans for basic resources. Now, in the long run ingenuity and innovation and
discovery may make us all better off. But there is no guarantee that new
supply will keep level with demand in the short run.
-xx- Damien X-)
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